Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Fiondella who wrote (17985)	10/16/1997 2:56:00 AM
From: Don Earl	of 42771

Hi Paul, It didn't look to me like NOVL was following the INTC action although I agree an interest rate increase will probably affect the price (at least it did last March). Some days it's hard to believe that NOVL is even part of the rest of the market. The strangest thing to watch is how fast the volume drys up when the price drops. It's like everyone is waiting for the price to go up before they will buy or sell. Stochastics would suggest it's over bought, but it isn't acting like an over bought stock should. The bar chart looks like it might be getting ready for a resistance breaking move in the next week or so. This trading range is filling in nicely for the first time since March. The run to 10 1/2 happened too fast to be very meaningful. I would tend to think a bad quarter for MSFT would be taken as a good sign for NOVL but that's pure speculation on my part. I'm going to continue to hold my position for now and make as many "what if" kind of plans as I can think of for future trades. Selling into the rally makes good sense for those wishing to cut their losses and exit, but I kind of want to see what happens next. Regards, Don

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next